Hello everybody . This message was sent for http://www.forexfactory.com/brandonchen. Good weekend to all...
Hi everyone,
My name is BrandonChen and im a fundamentalist. I am an institutional trader for 5 years and my method is purely fundamental. Due to my clients fund are huge, thus my trades were only at 1% risk per trade, in return i generate just 20-30% a month. From a pure fundamental strategy, we only trade when there are news and most of the time we read a lot of news before we execute a long term trade. And because of that, most of the week 2 and 3, we call the week "technical week" where we don’t trade at all. Fortunately i came across to this trade and the more i read the more interesting it is, because of some confusions, i did pm BK8 for clarification and he responded well, high appreciated. Also, because of this potential strategy, i sacrificed my sleeping time and decided to trade with this strategy at 5AM daily (GMT +8), and the results were excellent. And in just 2 weeks, i have generated an extra of 8% aparted from my other fundamental trades. Thanks Bk8! (I cant post here because I’m a commercial member and Twee thinks I should stay that way although I didn’t do commercial service anymore, so I have requested this kind guy here to post on behalf of me)
The reason I’m posting here because i have been reading every single posts, all the contributors here were doing great job by explaining to the new members. I do also understand the frustration caused new member(losers) by asking repetitive questions which have been explained all the time and keep judging this strategy. Thus, i think I should have this posted here in a pit of hope, starter who just started this strategy to read my this post.
For Beginner/whoever just started this strategy:
1) You are in forex field, and you are in a high risk of investment. If you wish you could earn by using this strategy, you must read the whole thread from page 1 (i used 1 day to read everything), so you would understand what they have gone through. Cmon you are about to earn big bucks here, is that hard for you to just spend a day for it?
2) This strategy requires all of us to use D1 chart. Most of the new traders who came here are used to 1h chart and forget the basic that longer time frames provide more reliable data about trend. Even we fundamentalists do not mess with the trend. Points must be taken:
a) 1h chart is not for you to trade within an hour, but for a day. And that means D1 chart is for you to trade for a week not just that day, so you must have a D1 trading mindset.
b) Every single execution with this strategy is complying with reliable data provided by BB and SMA, of course if Weekly and Monthly chart agreed to it, then nothing will go wrong. So whats the big deal having some losses floating for just 1 or 2 days?
3) We traders calculate our profit by how much of % we are making per annum, by setting a monthly target. So i would say trading with D1 chart is brilliant here(Well done BK8). If you are getting frustrated over a single or 2 days losses, meaning you have poor management of your mindset and risk, which come to follow;
4) Always use proper risk management. To protect your capital, you must first measure your risk, then protect your margin. To be honest, risk management is very important and it should take 2 steps of measurement to protect your capital and margin. And what are the 2 steps of measurement?
* "% risk per trade" - recommended is 2-5%. Second. And from what i see, alot traders just abuse this because they think it would be safe for them. Its wrong.For example, Initial $1,000 with 5% risk, is $50 SL per trade. That doesnt mean you can execute 20 trades at once with $50 SL each. Thats gambling, and you going to be out of margin. So you need 2nd risk measurement:
* "how much pips for your account to take to burst your account?" Let me list them out for more understanding.
200 pips = High risk (you just need 200 pips to burst your account)
400 pips = Above average
800 pips = Average
1000 pips = Below Average
1200 pips = Low risk
1600 pips = safe (you need 1600 pips to burst your account)
To calculate a proper lot size that your account should execute, this is the formula "Capital/points", Lets say you would want a Average risk trading with a capital of $1,000. Then; 1000 / 8000 = 0.13 Lot size
That means 0.13 is your maximum lot size for all your trades.
In case you want to buy E/U, you buy with 0.13 with a SL of $50 (Double risk management). Then you can actually trade by setting TP at highest BB and SL at lowest BB, or until the contributors here call it off. With this, you are protecting your margin with higher pips travel to your SL (This would work great on D1 chart) and you can execute more trades floating at higher pips without concerning of bursting account.
5) Always remember forex is not a platform to turn your $1k to $10k in one night. You dont come to this thread and read the latest setup and place 1 lot size with $1k, and when it goes against you, you start blaming the strategy and try to correct this strategy. This is not a platform for you to become a millionaire (unless you are already a millionaire). This is a platform for more side incomes and if you abide by the rules, you get them consistently. Rmb, do this for far, not for fast. Do it right, you can resign and work this full time and become a fund manager. Trust me, your clients would want a consistent income too.
6) Earn what is enough for you. I always tell myself to earn 1% a day, more than that is a bonus. Follow this, you can get more than 24% ROI a month.
Fundamental perspective:
1) Try not to choose the pair which will be in conjunction with upcoming high impact rules regardless of how good the setup is, your profits will be wiped off or SL triggered even if they could come back. If they really are in a good setup and you are making profit, try to set your SL (profit locking) as tight as possible or cut it before news release. You can always trade again.
2) Try to avoid USD and EUR related pairing due to the current election and Fed struggles against the rate, And Germany crisis.
3) When you are having a low margin, and you cant wait for it to TP because you want to trade again at D1 open, then pre plan more than 10 hours earlier and cut at break even, then you can trade again later with better volatility
I hope i did contribute my 2 cents here and worth the time of reading especially beginners. If you manage to read all of the above and you understand, well done! because if you value my points
and follow Bk8 rules, money will come to you. Money will come, but first, start reading from page 1. Cheers!
Disclaimer: This is not a personal agenda and not intended to promote any of trading service. Merely to contribute my ideas.
I will conclude this with my this week of my trading result with this strategy.
Hi everyone,
My name is BrandonChen and im a fundamentalist. I am an institutional trader for 5 years and my method is purely fundamental. Due to my clients fund are huge, thus my trades were only at 1% risk per trade, in return i generate just 20-30% a month. From a pure fundamental strategy, we only trade when there are news and most of the time we read a lot of news before we execute a long term trade. And because of that, most of the week 2 and 3, we call the week "technical week" where we don’t trade at all. Fortunately i came across to this trade and the more i read the more interesting it is, because of some confusions, i did pm BK8 for clarification and he responded well, high appreciated. Also, because of this potential strategy, i sacrificed my sleeping time and decided to trade with this strategy at 5AM daily (GMT +8), and the results were excellent. And in just 2 weeks, i have generated an extra of 8% aparted from my other fundamental trades. Thanks Bk8! (I cant post here because I’m a commercial member and Twee thinks I should stay that way although I didn’t do commercial service anymore, so I have requested this kind guy here to post on behalf of me)
The reason I’m posting here because i have been reading every single posts, all the contributors here were doing great job by explaining to the new members. I do also understand the frustration caused new member(losers) by asking repetitive questions which have been explained all the time and keep judging this strategy. Thus, i think I should have this posted here in a pit of hope, starter who just started this strategy to read my this post.
For Beginner/whoever just started this strategy:
1) You are in forex field, and you are in a high risk of investment. If you wish you could earn by using this strategy, you must read the whole thread from page 1 (i used 1 day to read everything), so you would understand what they have gone through. Cmon you are about to earn big bucks here, is that hard for you to just spend a day for it?
2) This strategy requires all of us to use D1 chart. Most of the new traders who came here are used to 1h chart and forget the basic that longer time frames provide more reliable data about trend. Even we fundamentalists do not mess with the trend. Points must be taken:
a) 1h chart is not for you to trade within an hour, but for a day. And that means D1 chart is for you to trade for a week not just that day, so you must have a D1 trading mindset.
b) Every single execution with this strategy is complying with reliable data provided by BB and SMA, of course if Weekly and Monthly chart agreed to it, then nothing will go wrong. So whats the big deal having some losses floating for just 1 or 2 days?
3) We traders calculate our profit by how much of % we are making per annum, by setting a monthly target. So i would say trading with D1 chart is brilliant here(Well done BK8). If you are getting frustrated over a single or 2 days losses, meaning you have poor management of your mindset and risk, which come to follow;
4) Always use proper risk management. To protect your capital, you must first measure your risk, then protect your margin. To be honest, risk management is very important and it should take 2 steps of measurement to protect your capital and margin. And what are the 2 steps of measurement?
* "% risk per trade" - recommended is 2-5%. Second. And from what i see, alot traders just abuse this because they think it would be safe for them. Its wrong.For example, Initial $1,000 with 5% risk, is $50 SL per trade. That doesnt mean you can execute 20 trades at once with $50 SL each. Thats gambling, and you going to be out of margin. So you need 2nd risk measurement:
* "how much pips for your account to take to burst your account?" Let me list them out for more understanding.
200 pips = High risk (you just need 200 pips to burst your account)
400 pips = Above average
800 pips = Average
1000 pips = Below Average
1200 pips = Low risk
1600 pips = safe (you need 1600 pips to burst your account)
To calculate a proper lot size that your account should execute, this is the formula "Capital/points", Lets say you would want a Average risk trading with a capital of $1,000. Then; 1000 / 8000 = 0.13 Lot size
That means 0.13 is your maximum lot size for all your trades.
In case you want to buy E/U, you buy with 0.13 with a SL of $50 (Double risk management). Then you can actually trade by setting TP at highest BB and SL at lowest BB, or until the contributors here call it off. With this, you are protecting your margin with higher pips travel to your SL (This would work great on D1 chart) and you can execute more trades floating at higher pips without concerning of bursting account.
5) Always remember forex is not a platform to turn your $1k to $10k in one night. You dont come to this thread and read the latest setup and place 1 lot size with $1k, and when it goes against you, you start blaming the strategy and try to correct this strategy. This is not a platform for you to become a millionaire (unless you are already a millionaire). This is a platform for more side incomes and if you abide by the rules, you get them consistently. Rmb, do this for far, not for fast. Do it right, you can resign and work this full time and become a fund manager. Trust me, your clients would want a consistent income too.
6) Earn what is enough for you. I always tell myself to earn 1% a day, more than that is a bonus. Follow this, you can get more than 24% ROI a month.
Fundamental perspective:
1) Try not to choose the pair which will be in conjunction with upcoming high impact rules regardless of how good the setup is, your profits will be wiped off or SL triggered even if they could come back. If they really are in a good setup and you are making profit, try to set your SL (profit locking) as tight as possible or cut it before news release. You can always trade again.
2) Try to avoid USD and EUR related pairing due to the current election and Fed struggles against the rate, And Germany crisis.
3) When you are having a low margin, and you cant wait for it to TP because you want to trade again at D1 open, then pre plan more than 10 hours earlier and cut at break even, then you can trade again later with better volatility
I hope i did contribute my 2 cents here and worth the time of reading especially beginners. If you manage to read all of the above and you understand, well done! because if you value my points
and follow Bk8 rules, money will come to you. Money will come, but first, start reading from page 1. Cheers!
Disclaimer: This is not a personal agenda and not intended to promote any of trading service. Merely to contribute my ideas.
I will conclude this with my this week of my trading result with this strategy.
https://tracking.avapartner.com/_RwAAA
Fell in love with it..will try this for about 6 months
